Prepare for attack by government ministers on the IMF and Gita Gopinath, says Chidambaram

p chidambaram

New Delhi, Jan 21: Former Union Minister and Senior Congress leader P Chidambaram on Tuesday said that it is imminent that Narendra Modi government will train its guns at International Monetary Fund and Chief Economist Gita Gopinath following the organisation’s downward revision of the Indian economy’s growth.

“IMF Chief Economist Gita Gopinath was one of the first to denounce demonetisation. I suppose we must prepare ourselves for an attack by government ministers on the IMF and Dr Gita Gopinath,” Chidambaram tweeted.

The IMF on Monday slashed India’s growth forecast to 4.8 per cent in 2019 and at 5.8 per cent in 2020. The second figure is the biggest markdown for any emerging market.

In its World Economic Outlook released in Davos, Switzerland, the IMF has said, “Domestic demand has slowed sharply than expected amid stress in the nonbank financial sector and a decline in credit growth.”

“We have projected global growth at 2.9 per cent for 2019 and 3.3 per cent for 2020, which is 0.1 percentage point lower than the October estimates,” the IMF chief said.

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